Wake Forest Baptist Health will increase its minimum wage from $ 12.50 to $ 15 an hour in 2021, according to the health system.
Third Stimulus Check: Americans earning more than $ 80,000 may not receive direct payment
The following letter was sent to staff, providers, and faculty on Wednesday:
Thank you for your dedication to our patients and the communities we serve. We’re excited to announce that Wake Forest Baptist Health is making a significant investment of more than $ 23 million in market adjustments and wage adjustment initiatives for approximately 12,000 teammates in 2021. This is part of a broader strategy across the board New Atrium Health company aims to competitively position compensation to attract and retain top talent. This has no impact on compensation for faculties, doctors, APPs, residents, or executives at the director level and above (AD and EX salary plans).
The market adjustments and wage adjustments for 2021 include the following:
We will meet our 2018 commitment to raise the minimum wage from $ 12.50 to $ 15.00, and 7,500 teammates in many salary tiers will increase to the new minimum, or 2%, whichever is greater.
· As announced in December, Eligible Nurses received experience-based increases after 2.5% earnings in January. and in April 2021, the minimum rate for Staff Nurse 2 will increase to $ 28 per hour. The salary tiers in the Nursing Salary Plan are incrementally increasing, which means 4,500 nurses will be increased to the new minimum or $ 1 / hour, whichever is greater.
· All employee salary ranges will be adjusted, and all eligible employees below the new minimum ranges will be increased to the new minimum rates. The positions of employees at High Point Medical Center who have not yet been assigned to Wake Forest Baptist will align themselves with this new structure and increase the number of eligible employees to the new minimum rates.
· The differential rates for evening, night and weekend shifts are tailored to the competitiveness of the market throughout the Wake Forest Baptist Health system. This provides additional and fair compensation for many of our employees who work evening, night and / or weekend shifts.
Date of entry into force of the market adjustments:
· The monthly paid employees Changes will take effect Thursday April 1, 2021 and will be included in paychecks on Monday April 26.
· · Increased biweekly will take effect on Sunday, April 11, 2021 and be included in paychecks on Friday, April 30th.
· The Changes in the shift difference rate will take effect on Sunday April 25, 2021 and be included in paychecks on Friday May 14.
From mid-April, executives can share detailed pay increases with eligible teammates.
There is still more investment to be made in Wake Forest Baptist Health and Wake Forest School of Medicine as the next generation academic core New Atrium health. In this way we can advance our education, research and innovation programs and further improve our national reputation.
We pride ourselves on continuing to invest in our teammates. These compensation initiatives are another way to recognize the important contributions of our dedicated professionals and to enable Wake Forest Baptist Health to continue to provide the best care to all.
Thank you – you are at the center of who we are, what we do and who we become.
Comments are closed.